As of November 2, 2000, the President of the Athens Stock Exchange,  taking into consideration the article No 11 of the Presidential Decree  350/85, approved the temporary suspension of trading of the shares of the  Company "ST. GEORGE''S MILLS" for reasons of protection of the investment  public.

PRESS RELEASE

The President of the ASE Board of Directors, considering the latest business facts at the listed company ?SAINT GEORGE'S MILLS S.A.?, its conversion to a holding company, the operation of the new activities by its subsidiaries, which activate in the construction sector and the Regulation No 19 (par. E) of the ASE Board of Directors, decided, according to article No 11 of P.D. 350/85, the temporary trading suspension of the shares of the company, until the company submits all the necessary data, that will certify that all the prerequisites, set by the Regulation 21 of the ASE Board of Directors, are fulfilled.

ATHENS STOCK EXCHANGE S.A.
The President